Raytheon Company (RTN) Holdings Decreased by Thomaspartners, Inc.

Thomaspartners, Inc. says it sold 193,686 shares in the previous quarter decreasing its stake in Raytheon Company (RTN) by 14.3%. Its investment was worth $216,361,000 a decrease of 1.0% according to the filing.

Several firms have updated their holdings. As of quarter end Baird Financial Group, Inc. had acquired 2,176 shares growing its stake by 3.7%. The value of the investment in Raytheon Company went from $9,609,000 to $11,509,000 increasing 19.8% quarter over quarter. Hosking Partners Llp added to its holdings by buying 389 shares an increase of 0.6% in the quarter. Hosking Partners Llp owns 69,301 shares valued at $12,930,000. The total value of its holdings increased 16.2%.

Beacon Investment Advisory Services, Inc. augmented its position by buying 67,043 shares an increase of 1,458.1% as of 09/30/2017. Beacon Investment Advisory Services, Inc. controls 71,641 shares worth $13,367,000. The value of the position overall is up by 1,701.5%.

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Equity analyst Buckingham Research raised the price target of the stock on October 31 changing the forecast from $199.00 to $204.00 and issued a “Buy” rating. J P Morgan Chase & Co lowered the price target on October 30 changing the price objective from $194.00 to $190.00 and issued a “Overweight” recommendation.

October 30 investment analysts at Sanford C. Bernstein made no change to the company rating of “Outperform” projecting a price of $199.00. On October 27 analysts at Bank of America Corporation updated its forecast on RTN stating a rating of “Buy” and price target of $220.00.

Stifel Nicolaus raised the price target on October 27 boosting the projection from $185.00 to $195.00 with a “Hold” recommendation. Wells Fargo & Company lowered the price target on October 27 cutting the projection from $200.00 to $195.00 and stated a “Outperform” rating.

The company is so far trading down by 0.28% percent from yesterday’s close. The P/E ratio is 24.70 and the market cap is 53.02B. As of the latest earnings report the EPS was $7.43 with 289.09M shares currently outstanding.

Investors are feeling more bearish on Raytheon Company of late as evidenced by the uptick in short interest. The stock had a rise in short interest from September 29, 2017 to October 13, 2017 of 10.68%. Short shares grew 294,270 over that period. With short interest at 3,050,014 and short average daily volume at 970,979, days to cover is 3.0 and the percentage of shorted shares was 0.01% on October 13.